Mom-and-pop landlords push investor share of home purchases to 19-year high

Bloomberg News/Landov
Small investors are making inroads against large institutions but they may be grabbing homes that first-time buyers would take gratefully.

More homes are being bought by investors, and their purchases are concentrated among starter homes, making it even harder for first-time buyers to break in to the housing market, according to a new analysis.

Investors commanded 11.3% of all purchases in 2018, according to CoreLogic, a real estate data company responsible for the report. That’s the highest level since 1999, and even dwarfs activity between 2012 and 2014, when the housing market was still mired in distress and big financial institutions with deep pockets swooped in.

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